Hello everyone, let's look at the 4H ETH to USDT chart, you can see how the price is moving in a downtrend channel, from which exiting at the bottom could result in a strong downward movement in the height of the channel itself.
Let's start by setting goals for the near future that we can include: T1 = $3,327 T2 = $3,622 T3 = $4,104 AND T4 = $4863 LONG TERM
Now let's move on to the stop-loss in case of further market declines: SL1 = $2,903 SL2 = $2580 SL3 = $2166 AND SL3 = $2166
Looking at the RSI and STOCH indicators, we can see that there is still room to continue the current recovery.